Galiano sold 26,994 Oz gold at US$2,833 per Oz

Jun 16, 2025

Galiano Gold 1Galiano Gold Inc report its first quarter (Q1) 2025 production and fínancial results. Looking at mining front, the report Q1 2025 said, mining activities focused on the Abore and Esaase deposits with 1.3 million tonnes of ore mined at an average mined grade of 0.8 grams per tonne gold and a strip ratio of 7.0:1.

The AGM processing plant was offline for a period of 14 days due to a key component of the Semi-Autogenous Grinding (SAG) mill requiring repairs, during which no gold was recovered. This shutdown reduced quarterly production by approximately 4,500 to 5,000 ounces. The repairs to the SAG mill were completed during Q1 2025.

1.1 Mt of ore was milled at an average feed grade of 0.8 g/t, with metallurgical recovery averaging 87%. Throughput remains constrained until a secondary crushing circuit is commissioned during Q3 2025. Produced 20,734 ounces of gold. Sold 26,994 ounces of gold at an average realized price of $2,833 per ounce (oz). 5,543 meters of infill drilling completed at the Abore deposit.

Positive results led to discovery of a new high-grade zone immediately below the mineral reserve pit shell at the south end of the Abore Main pit. The infill drilling also increased conídence in the mineral reserve and mineral resource in the area in and around the known high-grade zone at the Abore South pit, while also increasing the strike length of this zone from 90m to 180m.

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